I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

EUR/USD: technical analysis

Sergey Logachev

The main trend on the EUR/USD pair is a still bullish one. There was the price movement in a range between the support levels 1.1145 – 1.1032. It's likely to see a rise to a resistance area between the levels 1.1159 - 1.1214, but then there's the possibility that a downward movement will start towards between the support area at 1.1145 - 1.1032 and the level 1.1011.

The market had a downward flat movement all last week in a range between the Moving Average lines and the support area at 1.1145 – 1.1032. It's likely that the pair will go even lower to the level 1.1066, which are going to be a support. The price might start an upward movement afterwards to a resistance area between the levels 1.1180 – 1.1194.